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Group critical illness insurance

An unexpected illness brings unexpected challenges

When life gets messy and unpredictable, your employees can’t afford to miss a beat.

Group critical Illness insurance helps your employees prepare financially for an unexpected life event. Employees can use the lump-sum benefit any way they choose to cover expenses such as child care, mortgage payments or out-of-pocket medical costs.

Why offer critical illness insurance?

The need is real – the incidence of critical illness is growing and survival rates are increasing1

Helps cover out-of-pocket costs without tapping savings or other sources

Payouts don’t depend on employee’s income or other insurance

Cash benefit is paid directly to the insured to use any way they choose

Easy for employees to enroll at work and pay premiums through payroll deduction

Amounts of coverage available without medical exam

Coverage is available at affordable group rates

How it works

If an employee is diagnosed with a condition covered by the policy and meets the requirements, our critical illness insurance will pay a lump sum benefit.

Benefits are paid at a percentage of the amount of coverage the employee has elected.

Benefit example

Here’s an example of how benefits could be paid to an employee whose employer selected both the recurrence and multiple payout options.

Certain exclusions and limitations apply. Product features and availability may vary by state.

Additional features and options

No health questions –

During the initial enrollment period, employees may be able to enroll for coverage without providing proof of good health.

Multiple payout –

If an employee has a separate covered condition, this option allows for more than one benefit payment after 30 days.

Continuation options –

Upon termination, an employee may be eligible to continue coverage by paying premiums directly to Securian (subject to the policy’s terms).

Recurrence –

After 12 months, this option allows more than one benefit payment for the same covered condition. Eligible conditions include full benefit cancer, heart attack, stroke and major organ failure. Recurrence benefits pay 25 percent of the coverage amount.

1 The Centers for Disease Control Prevention. National Center for Health Statistics. U.S. Vital Stats, 2013.

This is a summary of plan provisions related to the insurance policy issued by Minnesota Life Insurance Company or Securian Life Insurance Company. In the event of a conflict between this summary and the policy and/or certificate, the policy and/or certificate shall dictate the insurance provisions, exclusions, all limitations and terms of coverage.

This policy provides limited benefits. This policy has exclusions, limitations, reduction of benefits, terms under which the policy may be continued in force or discontinued. For costs and complete details of the coverage, contact Securian Financial Group. All elections or increases are subject to the actively at work requirement of the policy. Minnesota Life products are offered under policy form series 13-31600 or a state variation thereof. Securian Life products are offered under policy form series 14-32000 or a state variation thereof. Product availability and features may vary by state.

DOFU 6-201651142

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Find out how group critical illness insurance can add value to your benefits program.

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Financial security for the long run® – Securian

Financial security for the long run® – Securian

Insurance products are issued by Minnesota Life Insurance Company or Securian Life Insurance Company, a New York authorized insurer. Minnesota Life is not an authorized New York insurer and does not do insurance business in New York. Both companies are headquartered in Saint Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.

Property and casualty insurance products are issued by Securian Casualty Company, a New York authorized insurer.